GLPI Financials Gaming & Leisure Properties, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:31 UTC Overview →

Growth & profitability

Revenue has grown 6.7% per year over the past 5 years.
Net income has grown slower than revenue (-93.0% vs 6.7% per year).
Operating margin has expanded, at 75.3% in the latest year.
Free cash flow has grown 9.0% per year over the past 5 years.

Financial health

Total debt ($7.2B) exceeds cash ($224M); net debt is $7.0B.
Total debt has grown in line with revenue (4.6% vs 6.7% per year).
Operating income covered interest expense 3.2× in the latest year.
Total debt is 4.9× EBITDA.

Shareholder returns

Dividends have been paid for 12 consecutive years, consuming 105668646.2% of earnings.
The dividend has grown 30.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.6B	$825	0.0%	75.3%	0.0%	0.0%	—	$7.2B	$224M
2024	$1.5B	$785	0.0%	73.8%	0.0%	0.0%	—	$7.7B	$463M
2023	$1.4B	$734	100.0%	74.2%	0.0%	0.0%	—	$6.6B	$684M
2022	$1.3B	$685	100.0%	78.5%	0.0%	0.0%	—	$6.1B	$239M
2021	$1.2B	$534	95.6%	69.2%	0.0%	0.0%	$790M	$6.6B	$725M
2020	$1.2B	$506M	95.1%	70.2%	18.9%	5.6%	$428M	$5.8B	$486M
2019	$1.2B	$391M	93.5%	62.2%	18.8%	4.6%	$750M	—	$27M
2018	$1.1B	$340M	0.0%	56.2%	15.0%	4.0%	$654M	$5.9B	$26M
2017	$971M	$381M	0.0%	62.3%	15.5%	5.3%	$599M	$4.4B	$29M
2016	$828M	$289M	0.0%	58.0%	11.9%	3.9%	$514M	$4.7B	$37M
2015	$575M	$128M	0.0%	44.8%	-50.5%	5.2%	—	$2.5B	—
2014	$591M	$139M	0.0%	43.7%	-78.7%	5.5%	—	$2.6B	—
2013	$235M	$15M	0.0%	22.9%	10.8%	0.6%	—	$2.4B	—
2012	$211M	$23M	0.0%	20.7%	9.7%	8.6%	—	—	—
2011	$232M	$27M	0.0%	22.6%	12.1%	—	—	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$435M	$208M	0.0%	71.2%	4.2%	1.5%	—	$8.1B	$166M
Jun '26	$431M	$228M	0.0%	77.2%	4.6%	1.6%	—	$8.1B	$319M
Mar '26	$420M	$232M	0.0%	79.4%	5.0%	1.7%	$159M	$8.1B	$275M
Dec '25	$407M	$267M	0.0%	89.3%	5.8%	2.1%	—	$7.2B	$224M
Sep '25	$398M	$241M	0.0%	84.8%	5.3%	1.9%	—	$7.2B	$752M
Jun '25	$395M	$151M	0.0%	61.3%	3.3%	1.2%	$272M	$6.9B	$604M
Mar '25	$395M	$165M	0.0%	65.5%	3.9%	1.4%	$240M	$6.9B	$169M
Dec '24	$390M	$217M	0.0%	79.1%	5.1%	1.7%	—	$7.7B	$463M
Sep '24	$385M	$185M	0.0%	70.4%	4.3%	1.5%	$262M	$7.4B	$494M
Jun '24	$381M	$208M	0.0%	77.1%	5.0%	1.8%	$245M	$6.6B	$94M
Mar '24	$376M	$174M	0.0%	68.5%	4.2%	1.5%	$258M	$6.6B	$212M
Dec '23	$369M	$211M	0.0%	80.0%	5.1%	1.8%	—	$6.6B	$684M
Sep '23	$360M	$184M	0.0%	74.6%	4.6%	1.6%	$241M	$6.2B	$81M
Jun '23	$357M	$156M	0.0%	66.8%	4.1%	1.4%	$235M	$6.2B	$9M
Mar '23	$355M	$183M	0.0%	75.1%	4.9%	1.6%	$231M	$6.3B	$7M
Dec '22	$336M	$194M	100.0%	81.9%	4.7%	1.8%	—	$6.1B	$239M
Sep '22	$334M	$220M	100.0%	95.1%	6.1%	2.0%	$235M	$6.1B	$59M
Jun '22	$327M	$151M	100.0%	72.6%	4.9%	1.4%	$218M	$6.5B	$6M
Mar '22	$315M	$119M	100.0%	63.4%	3.8%	1.1%	$231M	$6.6B	$156M
Dec '21	$298M	$120M	98.3%	68.5%	3.5%	1.1%	$175M	$6.6B	$725M

Valuation over time

How the market has priced GLPI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 22124104.3× (Mar '23) to 13878002.1× (Nov '26).
The price-to-sales ratio has fallen from 11.5× (Mar '23) to 7.2× (Nov '26).
The dividend yield has risen from 5.1% (Mar '23) to 7.6% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is GLPI growing its revenue and profit?

Over the past 5 years, Gaming & Leisure Properties, Inc.'s revenue has grown 6.7% per year, and net income declined 93.0% per year. These are computed facts, not advice.

How much debt does GLPI have?

As of FY2025, Gaming & Leisure Properties, Inc. reported $7.2B of total debt against $224M of cash; operating income covered interest expense 3.2×.

What is GLPI's profit margin?

In FY2025, gross margin was —, operating margin 75.3%, and net margin 0.0%.

What is GLPI's P/E ratio?

Gaming & Leisure Properties, Inc.'s P/E (TTM) is 12.24 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the GLPI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 13878002.1× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.